Foxconn bags Airpods order

16 Mar 2023 , 01:26 PM

Foxconn, a Taiwanese contract manufacturer, has won an order to manufacture Apple Inc’s AirPods and plans to build a factory in India to produce the wireless earphones, according to sources aware of the development.

Foxconn, the world’s largest contract electronics manufacturer and assembler of approximately 70% of all iPhones, will become an AirPod supplier for the first time, highlighting the company’s efforts to diversify production away from China. AirPods are currently manufactured by a number of Chinese companies.

As per a source, Foxconn is planning to invest over $200 million in the upcoming AirPod plant in Telangana, a state situated in southern India. However, the precise worth of the AirPod order is not known as of now.

To win more orders from Apple, the world’s most valuable company, Foxconn competes with Taiwanese rivals such as Wistron Corp and Pegatron Corp.

Foxconn Interconnect Technology Ltd, a subsidiary, is set to commence the construction of a manufacturing plant in Telangana during the latter half of this year, with an aim to commence production at the earliest by the end of 2024, as per sources.

Foxconn announced on Wednesday that it would increase its investment outside of China in order to meet customer demand and reduce its reliance on China for production.

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